Accessories maker Tandy Brands Accessories Inc on Thursday reported a rise in third quarter net sales to $47.01 million from $46.6 million for the same period in fiscal 2002.

Net income for the period ended 31 March 2003 increased to $1.03 million, or $0.17 per diluted share, compared to net income of $598,000, or $0.10 per diluted share, for the same period last year.

JSB Jenkins, president and chief executive officer, commented: "Despite a weak retail environment and unfavourable shopping weather, we increased quarterly earnings per share by 70 per cent and have already equalled last year's earnings per share results for the full year.